Net profit of Shuijingfang in the first quarter increased by 119.7% year on year



Beijing business daily (reporter Zhao Fengrui) on the evening of April 9, Sichuan Shuijingfang Co., Ltd. (hereinafter referred to as “Shuijingfang”) released the announcement on the pre increase of performance in the first quarter of 2021 and the announcement on the 2020 annual performance express.

According to the announcement, in the first quarter of 2021, Shuijingfang is expected to achieve net profit of 228 million yuan, 119.7% higher than that of the same period last year, operating revenue of 511 million yuan, 70.2% higher than that of the same period last year, and sales volume of 1021.50 thousand liters, 53.6% higher than that of the same period last year.

For the first quarter growth, Shuijingfang said in its announcement that the Baijiu market began to recover in the second half of 2020, and gradually recovered. The company ploughed the core market, promoted the development of the surrounding market with the core market, and focused on finding new market growth points, making the market sales better in the first quarter of 2021. On the other hand, the company’s revenue and profit base are relatively low in the first quarter of 2020 due to the impact of the epidemic and the relatively early spring festival in 2020. Under this influence, the company’s revenue and profit in the first quarter of 2021 increased significantly year on year.

In fact, different from the double growth of revenue and net profit in the first quarter of this year, the performance of Shuijingfang in 2020 has double decline. According to Shuijingfang’s 2020 performance express, in 2020, Shuijingfang will achieve an operating revenue of 3.006 billion yuan, a year-on-year decrease of 15.06%, and a net profit of 731 million yuan, a year-on-year decrease of 11.49%.

Shuijingfang said the epidemic caused the terminal consumer market to stagnate, which had a greater impact on the Baijiu industry, resulting in a reduction in consumption demand for Baijiu, resulting in a certain decline in the company’s overall performance for the whole year.

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